[ad_1]
Kjell Inge Røkkes Aker reduced its value-adjusted capital by NOK 3.3 billion to NOK 31.0 billion in the third quarter from NOK 34.3 billion in the second quarter.
The main reason is that Aker BP, the oil company that is the largest company in the Aker family, fell in value during the quarter.
The Aker Board of Directors has decided to pay a dividend of NOK 11.75 per share in the fourth quarter.
– Like a phoenix from the ashes
The total value of Aker’s industrial portfolio decreased by NOK 1.9 billion in the quarter to NOK 36.2 billion. The reduction is mainly due to the deterioration of Aker BP and the krill company Aker Biomarine. This has been partially offset by an increase in the value of Aker Carbon Capture and Aker Offshore Wind.
– Now that the smoke of 2020 is clearing, business opportunities have emerged like a phoenix from the ashes. We’ve witnessed a record number of IPOs and the capital markets are reporting an extraordinary flow of deals, says Øyvind Eriksen, who says Aker quickly seizes opportunities and that the discounting of stocks versus value-adjusted stocks has been at a all-time low during the period.
In October, Aker and Kjell Inge Røkke joined US investment firm Accel as the property of technology company Cognite. The deal values Cognite at $ 550 million, about 5.1 billion crowns.
Green values
During the quarter, Aker launched three new companies on the stock exchange: Aker Biomarine, Aker Offshore Wind and Aker Carbon Capture. Aker has traditionally been heavily involved in oil-related activities, but is now investing more in the green direction as well.
The latter two parted ways with Aker Solutions, which later merged with Kvaerner.
These two green startups have almost zero revenues, but a bright green future, and are priced to match. The two companies have a combined market value of around NOK 7 billion.
Aker Carbon Capture will help Norcem in CO2-Cleaning at the cement factory in Brevik, which is the breakthrough for this company.
Aker Solutions and Kvaerner have billions in turnover, decent earnings, thousands of employees, but they operate in the somewhat unpopular heavy oil supplier industry. In comparison, the market value of these two companies is less than NOK 5 billion. (Terms)Copyright Dagens Næringsliv AS and / or our suppliers. We would like you to share our cases via a link, which leads directly to our pages. Copying or other use of all or part of the content may only be made with written permission or as permitted by law. For more terms, see here.
